Some economists believe that a negative interest rate policy will stimulate the economy by reducing the cost of loans. That isn’t how it has worked in practice.
Paired with a new round of quantitative easing, the Fed takes us back to the 2008 playbook.
You need to be inoculated from some strange but popular notions about the economy.
The rate cut is too little, too late for Trump, who says after the move that his Fed chair lacks "guts, sense, vision"
Such a move would emulate other economies, risk inflationary bubbles, and benefit his businesses.
Former BB&T Bank CEO John Allison vs. Moody's Mark Zandi
Minutes from the Fed's June meeting indicate that it will continue gradual interest rate hikes.
Texas Tech University's Robert Murphy vs. Cato's George Selgin at the Soho Forum